Trickle-down economics
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Trickle-down economics, also called trickle-down theory, refers to the economic proposition that taxes on businesses and the wealthy in society should be reduced as a means to stimulate business investment in the short term and benefit society at large in the long term. In recent history, the term has been used by critics of supply-side economic policies, such as "Reaganomics." Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically targets taxes on the upper end of the economic spectrum.
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See also
- A rising tide lifts all boats
- Austerity (21st century economic meaning)
- Economic inequality
- Keynesian economics
- Laffer curve
- Matthew effect
- Neoliberalism
- Palace economy
- Progressive tax
- Supply-side economics
- Trickle-up effect
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